Seoul police close case on missing $1.6M in BTC without audit

Police did not conduct an internal audit or take disciplinary action against officials responsible for 22 BTC (approx. 2.2 billion won or $1.6 million) that went missing from an evidence locker, the Chosun Ilbo reported exclusively. Seoul's Gangnam Police Station took custody of the Bitcoin around November 2021 as part of a financial hacking investigation. The assets were stored on a USB drive in a cold wallet. During an evidence inspection in 2022, authorities found the wallet was empty. The report confirmed that the employees in charge of the evidence at the time of the loss faced no repercussions.